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Lufthansa to launch new route to Sibiu
Monday, July 30, 2007
In September, Lufthansa will start flying to Sibiu (formerly known as Hermannstadt), making it the third city in Romania after Bucharest and Timisoara to be served by the airline direct from Munich. The new destination is the latest addition to Lufthansa’s expanding network in Eastern Europe.

This autumn, Lufthansa will operate 360 flights per week to 22 destinations in Eastern Europe. From 1 September, Sibiu will be served five times a week by a Dash 8-300. With the introduction of the winter timetable on 28 October, a daily service will be operated. “Sibiu is one of the fastest-growing markets in Romania. For business travellers, Lufthansa is thus offering another direct flight to an important growth region in Eastern Europe,” says Thomas Kluhr, Group Representative and Head of Hub Management Munich.

With its extended area, the Transylvanian city of Sibiu has a population of more than five mil-lion. Since Romania joined the European Union in 2007, its economy has expanded signifi-cantly. Romania’s conducts most of its foreign trade with the European Union, Germany being the largest trading partner of Transylvania. About 15,000 companies with German investment have been set up in this region, including numerous firms in the engineering and plant manu-facturing sector, the textile industry, the construction industry and the chemical and pharma-ceutical sector. Sibiu is also a major tourist attraction: the mediaeval city in the foothills of the Southern Carpathian Mountains is one of the two European Capitals of Culture in 2007.
Vicky Karantzavelou - Monday, July 30, 2007
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How do you expect luxury travel to perform in times of economic downturn?.

Providers of luxury travel products are going to witness shorter stays by their customers and an increase in seasonality.

People are going to become more value conscious and will opt for those luxury offers that represent a convincing value-for-money proposition. Providers of overpriced services are those to feel the pinch.

Both people paying for their personal trips and firms paying for their top executives' business trips will cut back on travel expenses, thus affecting all luxury travel providers.

It is going to be business as usual. Those people opting for high-end travel products are not going to be affected by the looming crisis.

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